Otherwise, if your lease doesn't break down the portion of the rent that each is responsible for you could simply modify the lease to be between You (landlord) and Nisha and Katie (tenants) and leave it to them to figure out where the money comes from.

Had to break out the pen n pad to get that to click....

Very helpfulRe: 15% it can be a good rule of thumb, but understand that every project may break that rule due to specific issues (title, environmental, local government, design, etc.) but yes your permits, arch, legal shouldn't be blowing up your budget at 25% off the bat.

I'd consider speaking to the seller about breaking the contract with the agent, negotiating the deal directly, then bringing in another realtor as a dual agent or an attorney at the end to draw up the paperwork.

Ex) The stove breaks. 

Originally from Lynchburg, VA, I’ve made a home for myself in the triangle area and am looking to invest in real estate as a way to break from conventional models of what “purchasing a property” should look like.

Use it, and you can get an infinite number of uses out of it.Your seed money (cash) is your most valuable asset...don't spend it, use it.Example:  $100k in cashOption #1:  Spend it all on 1 propertyCost = $100k# of properties owned; Asset(s) value = 1; $100kCash Flow/property; total = $10k/year;$10k/year# Years to break even (profit starts) = 10Asset value (5% appreciation/yr) after 1 year = $105k# of years to buy next property (assuming same way) = 10Cash flow at end of 10 years = $10/yrAsset value at end of 10 years = $265kOption #2: Spend 20% on 1 property, leverage the restCost = $20k/property# of properties owned; Asset(s) value = 5; $500kCash Flow/property; total = $5k/year; $25k/year# Years to break even (profit starts) = 4Asset value (5% appreciation/yr) after 1 year = $525k# of years to buy next property (assuming same way) = 1Cashflow at end of 10 years = $215k/yr (PM me and I'l show you the math)Asset value at end of 10 years = $4.975M

UCR data is published annually by the FBI.UCR data is reported as either violent or property crime, which then break down further into eight possible sub-crime categories.

Also never accept keys back from a tenant trying to break their lease unless its a mutual agreement. 

At this rate, you would need to put down 35-40% to break even in terms of monthly cashflow, with a slight cushion for some minor repairs and occasional vacancy.Another challenge is the acquisition cost: typically $200k per door, which could go up to $300-350k/door in desirable upper-middle-class areas.